The Major Component of Federal Government Consumption Is Spending on ________

question 83

Multiple Choice

The major component of federal government consumption is spending on ________.

• A)Social Security,Medicare and Medicaid
• B)foreign aid
• C)capital goods,e.g.highways and schools
• D)national defense

---

Definitions:

Corporation

A legal entity that is separate and distinct from its owners, who are shareholders; it has its rights, privileges, and liabilities distinct from those of its members.

Legal Contracts

Binding agreements between two or more parties that are enforceable by law.